Overview
- Deutsche Börse and Societe Generale-FORGE signed an agreement to integrate EUR CoinVertible and USD CoinVertible into post‑trade systems, including Clearstream custody.
- The first phase will trial the tokens as settlement assets for securities and collateral workflows and evaluate uses in treasury operations, with Deutsche Börse also planning token listings on its digital platforms.
- SG-FORGE completed its first U.S. blockchain bond issuance, a short‑term SOFR‑linked note bought by DRW that runs on the Canton Network using Broadridge’s tokenization technology.
- BNY Mellon is paying agent for the U.S. issuance, with IntellectEU providing blockchain management tools and Mayer Brown advising on legal matters.
- SG-FORGE’s stablecoins remain small in scale—about $29.6 million USDCV and €65.2 million EURCV in circulation—compared with a market led by Tether, and the firm has listed the tokens on Morpho and Uniswap for institutional collateral use.